Telenet pays €170m for lease of networks

Telenet pays €170m for lease of networks



November 27, 2015

Telenet Group Holding, a Belgian media and telecommunications company, has paid €170m to local cable operators to lease their networks for 38 years. The company will also pay the local cable companies an annual fee for operational charges.

The deal will acquire 800,000 television customers in Belgium’s Flanders region, an additional revenue source of €90m, and a core profit of €40m to €45m.

Subject to the approval of Telenet’s board, and the boards of the local cable companies, it is expected that the agreement will be implemented in 2016.

Tim Yeo

Related Posts

Hatteras Networks named top ethernet provider

Comments Off on Hatteras Networks named top ethernet provider

Orange combines home and mobile broadband

Comments Off on Orange combines home and mobile broadband

Nokia and Vodafone partner for Internet services

Comments Off on Nokia and Vodafone partner for Internet services

Telecoms need Hybrid Solutions to win Market Share

Comments Off on Telecoms need Hybrid Solutions to win Market Share

Zen Internet named best ISP

Comments Off on Zen Internet named best ISP

China handset sales to grow 7.7% in 2009

Comments Off on China handset sales to grow 7.7% in 2009

Vodafone store to sell mobile apps

Comments Off on Vodafone store to sell mobile apps

RAYSPAN announces MTM-B antenna for improved Wi-Fi performance

Comments Off on RAYSPAN announces MTM-B antenna for improved Wi-Fi performance

Faster broadband and lower prices from Eircom

Comments Off on Faster broadband and lower prices from Eircom

Tyntec advocates SMS for enterprise communications

Comments Off on Tyntec advocates SMS for enterprise communications

3Roam announces modular wireless Ethernet backhaul solution

Comments Off on 3Roam announces modular wireless Ethernet backhaul solution

Vodafone UK launches One Net

Comments Off on Vodafone UK launches One Net

Create Account



Log In Your Account